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HomeMy WebLinkAbout025100 RES - 11/12/2002RESOLUTION ADOPTING THE CITY OF CORPUS CHRISTI COMMERCIAL REVITALIZATION LOCAL STRATEGIC PLAN NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City Council, as the governing body of the City of Corpus Christi, adopts the City of Corpus Christi Commercial Revitalization Strategic Plan for the City's Renewal Community Commercial Revitalization Deduction Allocation Program. The City of Corpus Christi Commercial Revitalization Strategic Plan is attached to this resolution and marked as Attachment 1. SECTION 2. The City Manager is directed to forward a copy of this resolution and the City of Corpus Christi Commercial Revitalization Strategic Plan to the Executive Director, Texas Department of Economic Development. ATTEST: Armando Chapa City Secretary THE CITY OF CORPUS CHR~TI Samuel ~. I~al, Jr. JJ Mayor b" APPROVED: 7th day of November, 2002. James R. Bray Jr. City Attorney R J R 'ning F~r~A~s~stan orney R22113B1.doc non 00 2 Corpus Christi, Texas ,2002 Brent Chesney Javier D. Colmenero Henry Garrett Bill Kelly Rex A. Kinnison John Longoria Jesse Noyola Mark Scott The above resolution was passed by the following vote: Samuel U Neal, Jr. ~C ~ R22113B1.doc ,.5100 City of Corpus Christi Commercial R. evitalizatton Local Strategic Plan 1) The Coordinating Responsible Authority (CORA) for the Corpus Christi Renewal Community will submit a copy of the City's_approved Tax Incentive Utilization Plan and contact information to the Executive Director or the Executive Director's designee of the Texas Department of Economic Development. The City Manager shall appoint the CoRA for the Corpus Christi Renewal Community._ 2) The process for receiving applications is as follows: a) Public notice inviting applications for commercial revitalization allocations will be published in the Corpus Christi Caller Times once a year indicating that applications will be considered throughout the year. No application will be considered for 10 working days following the date of the public notice. b) Application information will be available by contacting the CoRA and via the City of Corpus Christi's web site. c) Applications will be time stamped upon receipt and reviewed for completion. Applications will be considered only iff il The building and its structural components will be placed in service by the taxpayer in the Renewal Community and the original use of the building will begin with the taxpayer or the building will be substantially rehabilitated by the taxpayer and is placed in service by the taxpayer after the rehabilitation in the Renewal Community. ii) The expenditures of the project meet the statutory requirement for the allowable Commercial Revitalization expenditures. iii) Request of allocation is less than $10 mill/on, iv) The applicant is in good standing with the Texas Comptroller of Public Accounts and the Texas Workforce commission has confnmaed that the applicant is current on unemployment insurance tax. d) The CoRA will review the completed applications meeting the requirements in section 2lc] of this plan and make recommendations through the City Manager to the City Council based on the following criteria: Modified 11/08/02 Page 1 i) The project creates and retains jobs in the Renewal Community. ii) The applicant is willing to work with the Workforce Network, Inc. to identify qualified candidates for the positions that will be created and where possible, hire Renewal Community residents, individuals meeting the criteria for work opportunity tax credit and welfare to work tax credit. iii) The applicant is committed to affirmatively hiring minority workers and affirmatively contracting with minority owned businesses, local low-income community businesses (businesses located in census tracts with 20% poverty or greater) and/or businesses located in the Renewal Community. iv) The apphcant is committed to hiring underskilled, inexperienced, disadvantaged or displaced workers, where possible. v) The applicant is committed to providing on the job technical and vocational training for economically disadvantaged or Renewal Community residents, where possible. vi) The project is located in a Texas Enterprise Zone, Reinvestment Zone, Weed and Seed Area, Community Development Block Grant (CDBG) eligible area, or Historically Underutilized Business (HUB) Zone. vii) Project is eliminating slum or blight in a particular area within the Renewal Community. viii) Project is appropriately zoned. ix) Project contributes to the City's Comprehensive Plan, the applicable area development plans for the target area, Bayfront Plan, City's current CDBG Consolidated Plan, and Project Plan for Corpus Christi Reinvestment Zone No. 1, which have been adopted by the City of Corpus Christi, and Texas Department of Economic Development regulations applicable to the Texas Enterprise Program. x) The applicant has involved or will involve residents and non-profit groups within the Renewal Community and/or will seek serv/ces provided by any partner of the Renewal Community. xi) Schedule of construction to date the building is placed in service. xii) Business has sufficient income to take advantage of accelerated depreciation. xiii) Project is a public/private partnership between City of Corpus Christi and private business. Modified 11/08/02 Page 2 e) City Council will review the recommendations made by CORA, through the City Manager, and will consider approval of the applications based on the criteria set above with particular emphasis on IX above and the project selection criteria included with the State Plan (see Exhibit A) at a City Council hearing. The general public will be given an opportunity to comment on the applications at the council hearing. f) Within 10 working days following the approval of applications by the City Council, the CoRA will submit to the Commissioner or designee of the Texas Department of Economic Development (TDED) the following documentation: i) A certification signed by the City Manager, as the CEO of the City of Corpus Christi, that the governing body has followed the procedure as indicated in this plan and to the best of his or her knowledge, each application that has been approved by the City Council is complete and meets the requirements of the commercial revitalization deduction program. ii) Copy of each application selected by the governing body to receive the commercial revitalization deduction (CRD) allocations, public notice for the application process, approved minutes of the governing body, reasonable explanation for each project being selected or denied and identifies the criteria set forth above in the explanation. g) Within 5 working days following receipt of certification of approved projects from the TDED, the CoRA will send confnmaation to project contact person of their award or denial for CRD allocations. The confirmation letter will also set forth their reporting requirements to the City of Corpus Christi. Each applicant will be required to provide quarterly reports of their progress of the project and commitments made in their application until the project is placed in service. If the CoRA determines that the project is not proceeding as indicated in the application or the project is being reduced, the City Council working with the applicant can cancel or reduce the allocation previously awarded. The City Council will submit a certification to the TDED stating that the project should be cancelled or reduced and the amount of CRD allocations that will be available for reallocation. h) The CoRA will submit an annual report to the TDED describing the status of each active project in their jurisdiction receiving CRD allocations. The annual reports will be due March 1 of each calendar year beginning in 2003 and ending in 2010 and Modified 11/08/02 Page 3 reporting on activity ending December 31 of the previous year. The report will include: a. Status of the project being constructed and if available, date project was placed in service. (Including success stories, press releases, news coverage, etc.) b. A brief narrative describing the impact of the CRD on the--Renewal Community. c. Number of direct and indirect jobs created and retained, approximate average salary. d. Copy of the Renewal Community's annual report to the U.S. Department of Housing and Urban Development.